30
Jun
The current European banking framework is largely the result of reforms introduced after the 2008 financial crisis. Over the past fifteen years, the EU has developed a single rulebook and strengthened its supervisory and resolution architecture, most notably through the Banking Union. These reforms were designed to enhance resilience, support financial stability and enable more effective crisis management across the Union.
Those objectives have broadly been achieved. EU banks now operate with stronger capital and liquidity positions, and the framework...